After the spin-off, General Electric lists the energy division, marking the conclusion of a long transformation journey that led to the creation of three independent companies: Ge Vernova, Ge Aerospace and Ge HealthCare
General Electric, once the standard bearer of the large American manufacturing multinationals, is trying to halt the decline by splitting into three: the goal is to recover efficiency even at the cost of saying goodbye to dreams of glory and grandeur
According to the Financial Times, General Electric is one step away from selling its business to AerCap, a giant based in Dublin but listed in New York
Starting from 20 June, the Yoox Net A Porter share disappears from Piazza Affari following the acquisition of the e-tailier by the Swiss giant Richemont which led to the delisting of the shares - In the USA, from 26 June, General Electric…
From the Blog La casa di Paola - Despite the divestments, the giant GE has lost 100 billion in capitalization on Wall Street and its boss John Flammery admits that the salvation strategy announced in November is not feasible
Earnings per share fall from 51 to 28 cents - Revenues also down - Stock in deep red on the Nasdaq
Flannery will assume the position on August 1, 2017 which will take effect on January 1, 2018. Flannery, 55, began his career at GE Capital in 1987.
The use of the new turbines for the on-site production of energy and heat, the first application for the paper sector, will bring benefits both in terms of production efficiency and in terms of environmental impact. The turbines will be installed in the Diecimo plants and…
The agreement covers a wide range of innovative technologies, including onshore and offshore wind projects, solar energy, gas-renewable hybrid generation projects, electrification of new and existing assets, waste-to-energy projects, the conversion of mature industrial assets or discontinued.
The FBI's coup on Clinton's emails reopens the game a week after the vote and sows uncertainty on currencies and bonds even more than on the stock exchanges, clinging to quarterly reports - The Fed takes time - Yellow…
The resources are destined for the Talamona (Sondrio) plant, where turbine blades and compressor components are produced for the oil & gas industry.
The agreement provides that Sace will support the company's exports for an estimated amount of 6 billion dollars for the three-year period 2016-2018 - The goal is to finance projects in the various continents, in particular Latin America, North Africa, Africa…
Signed the memorandum of understanding with the government for the Galileo project. It will lead to the hiring of 500 engineers to develop gas turbines and compressors. The goal is to increase current production by 50%, with a growth in turnover of…
The secretary general of Fim Cisl underlines that "the investment by General Electric in the technological center of Florence is good news, but the redundancy declaration of 236 workers of the technological excellence of Sesto S. Giovanni must be withdrawn". In the afternoon the…
This was stated by the GE spokesman, specifying that by 2017 in the plants located in Germany 1.700 positions will be eliminated, while 765 cuts are expected in France - In Italy 236 workers at risk in the former Alstom plant in…
The title sinks in Stockholm. The decision taken after the rejection of the US Antitrust which fears an excess of concentration from the operation. The American giant claims an indemnity of 175 million dollars from the Swedes and specifies that it remains willing to get rid of the…
The European Commission has given the go-ahead for the purchase on the condition that the assets of the French group in the field of "heavy duty" gas turbines are sold to Ansaldo.
General Electric has announced that its Ge Capital division has reached an agreement to divest real estate assets for $26,5 billion.
The transaction concerns Egpna Renewable Energy Partners, of which Enel Green Power will continue to hold a 51% stake.
General Electric's Oil & Gas division will supply technologies for the Offshore Cape Three Points field - The first phase of delivery of the equipment will take place within the last quarter of 2015, while the entry into production of the site is expected within…
The Swedish giant buys the household appliances department of the US group General Electric - The transaction will be worth 3,3 billion dollars - Once completed, Electrolux will proceed with a capital increase equal to approximately 25% of the acquisition.
US Conglomerate Closes Second Quarter With Profits Of $3,55 Billion, Up 13% YoY …
The group's listing is supported by the news that arrived last Friday on Alstom: Paris accepted General Electric's offer for the transport sector of the French conglomerate and, according to analysts, this should accelerate the consolidation process of the…
Rival bid by German Siemens and Japanese Mitsubishi defeated - At the same time, Economy Minister Arnaud de Montebourg announced that the state will become the first shareholder of Alstom with a 20% stake.
The German giant and its Japanese ally have raised their valuation of the French conglomerate by 400 million euros, bringing it to 14,6 billion - General Electric's offer for the French group's energy division expires on Monday -…
The US giant returns to the assault on the energy branch of the French group Alstom: tomorrow, according to Reuters reports, it will present a new offer to the Paris government and the unions, which exceeds the previous one - of 12,5 billion - considered for now...
Will participate in the joint offer of Mitsubishi Heavy Industries and Siemens to acquire part of the energy assets of the French industrial group - The proposal is aimed at countering the offer made by the Americans of General Electric to buy the entire energy division of…
From Paris they let it be known that they have no "preference for one or the other proposal", but "needs which are employment, maintaining activities in France, energy independence" - They measure themselves on these points " offers and the goal now is…
A decree on foreign investments has been published in the French Official Gazette which makes it necessary for the State to authorize the foreign acquisitions of companies operating in strategic sectors such as energy, transport, telecommunications, water and healthcare.
According to the latest updates, Siemens is apparently withdrawing from the race for the French industrial giant, for which the track leading to General Electric therefore remains in pole position.
This was revealed by the Japanese newspaper Nikkei: the Japanese Toshiba has also been added to the list of suitors for the French industrial giant Alstom.
"GE's offer is not enough: to date we still have the means to deal with the relaunch of Alstom, a key company for the country and for energy differentiation": said today the president of the French Republic, who at the…
"No exclusive negotiation with General Electric has been decided by Alstom which - specified the French premier Manuel Valls - has a month to analyze the different options and consult with us" - The French government slows down…
The French group has accepted the offer of the American giant for its energy division - At this point, intervention by the Paris government cannot be ruled out.
Decisive hours for Alstom's fate at the crossroads: the range of summit meetings has not yet resolved the alternative between General Electric and Siemens. But for geopolitical reasons, the Germans seem to be in pole position even if the Stock Exchange has…
According to rumors published by the Bloomberg agency, the US giant is about to put about 13 billion dollars on the plate to acquire Alstom - The figure is 25% higher than the current stock market value of the French group - Alstom's spokesman denies,…
The CEO of the group controlled by the Treasury specified that "in-depth discussions are underway with the counterparties who have expressed interesting proposals" - In the meantime, however, the shares on the Stock Exchange of Finmeccanica and Ansaldo STS continue to discount the farewell of General Electric…
The wave of sales comes in the wake of the news that General Electric is moving away from the purchase of Ansaldo Sts - The Equita experts have however confirmed the recommendation to "buy" on Ansaldo and "hold" on Finmeccanica.
Finmeccanica's golden moment on the Stock Exchange continues, precisely on the day of the hearing of CEO Alessandro Pansa in the Productive Activities Commission and in the aftermath of the rumors that see General Electric interested in buying the subsidiary Ansaldo Sts, still today a protagonist in Piazza Business.
In the fourth quarter, General Electric saw profits grow by 4,8% on the back of the increase in turnover generated by industrial activities - The company's cost control policy and increased productivity are rewarded
The president of the Italian Stock Exchange, Massimo Tononi, and the European number one of General Electric, Nani Beccalli Falco are in the process of temporarily assuming the presidency of Telecom Italia at the December assembly, if this meeting goes through - The candidacy…
The executive is working to have General Electric the international majority shareholder of an Ansaldo Trasporti holding, into which Ansaldo Sts and a reorganized Ansaldo Breda, now controlled by Finmeccanica - For the significant minority stake in the hands…
General Electric's profits are growing, up 1% on an annual basis to 3,1 billion dollars - Revenues are down, -4%, to 35,12 billion - Good prospects for the second half.
Good performance for General Electric in the fourth quarter: net income was $4,01 billion, 38 cents a share, up 7,5% from $3,7 billion, 35 cents a share in the same time last year.
The American giant, on the other hand, does not forfeit the space division of the Italian company, for which "a new phase is opening in which a framework of industrial alliances will be defined under the leadership of Cinven and Finmeccanica".
The US giant will pay around 3 billion euros to the Cinven fund and Finmeccanica to buy their shares in the aerospace company (81 and 14% respectively).
The energy giant closed the third quarter with an increase in profits of 8,3% (3,49 billion dollars) and a growth in revenues of 2,8% (36,35 billion) - In the same period the king of fast food has seen a drop in…
The internet giant drops 7,88% after releasing a disappointing quarterly report despite the increase in profit and revenues - Revenues on the other hand down for Ge, which drops 1,25% on the Nyse: turnover fell to about 37,9 .XNUMX billion…
The company said earnings topped $2,34 billion, or $0,22 per share. The results include the cost of 8 cents per share to buy back the shares that had been sold…
The two companies have agreed to cooperate on the creation of a 'Customer Experience Centre' for cars in France. Both groups will also collaborate in the creation of a unique commercial offer for PSA Peugeot Citroen customers who…
